Environmental Financing in India: Growth & Future prospects

Abstract

Amidst political and economic rift, environmental concerns have
been able to create its ground in India so far. Besides India’s capitalintensive growth it has its Sustainable Development Goals (SDG’s) in
place. Also the GEF (Global Environment Facility) project – under
which government has identified few critical areas and cities to
initiate the funding facility, is working well. The amount for achieving
India’s Sustainable Development Goals (SDG’s) is humungous. So it
becomes important not only to mobilize finances but also to come
up new and innovative fund raising channels to achieve SDG’s. This
paper attempts to show the growth of green funds so far and future
opportunities for such funds in India.